Al Wadiah Current Deposit is a deposit product operated according to Islamic Shariah where the depositor will deposit money in the Bank in the form of "Amanat" and thus expects on profit or loss.

The Bank takes permission from the depositor to use the deposit according to Islamic Shariah but guarantees that the amount deposited would be available to depositors whenever s/he demands. If Bank does loss using this deposit then bank will incur all responsibilities. Since depositors do not take any risk of loss, so they cannot demand any profit.

Key Features:

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Any adult having sound mind can open this account in his/her name singly or jointly with others. Any proprietorship/partnership firm, limited company (private/public), educational institution, club, association, socio-economic organization can also open this account.

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Account opening balance is TK. 1,000 only, which is treated as minimum balance of the account

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Half Yearly Account maintenance fees: TK. 500 only + 15% VAT

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ATM Card / Debit Service (Yearly Fees: TK. 400 only + 15% VAT)

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Cheque Book

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ATM Card upon request (personal account)

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Monthly statement

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Frequent and random transactions do not have any impact on profit calculation as it is a non-profit bearing product